INDUSTRY

In 2007-08, the industry with the largest share of GDP (at basic prices excluding ownership of dwellings) was Property & business services with a share of 14%. Manufacturing was the second largest industry with a share of 12%. Prior to 1999-00 Manufacturing was the largest industry.

The profits (Gross operating surplus and Gross mixed income) of the Mining industry increased by 160% between 2002-03 and 2007-08 (see table 57 for more details). Over the same period the investment undertaken by Mining increased by 212% (see table 90 for more details). However, over the same period Mining gross value added in volume terms increased by only 12%. The significant increases in profits are being driven by growth in the prices of Mining commodities. See Prices for more information on commodities prices.